The new factory will manufacture complex turbine components such as high pressure blades and vanes for the hot part of aero engines and power generation gas turbines.
It joins the four sites it already operates in Coalville and one recently expanded plant in America.
The new facility was needed to meet customer demand following government investment in the Sharing in Growth programme to improve the competitiveness of UK aerospace companies. During the four year programme the government’s Regional Growth Fund will contribute around £1.5 million to Winbro’s development which the company will match through the value of time dedicated to improvements.
A supplier to blue chip companies like Rolls-Royce, GE, Pratt and Whitney, Snecma and Siemens, Winbro has secured contracts estimated to be worth £88 million since starting on the government-backed Sharing in Growth programme 18 months ago. This will eventually see the company grow from 170 staff in 2014 to over 300 by mid 2018.
As part of the Queen’s 90th birthday celebrations, Winbro has won a Queen’s Award for Enterprise. Winbro was singled out as a leader in its field for innovation, the second time it has won the award.
Minister for Business Anna Soubry says: “Innovation is crucial for advanced manufacturers, which create skilled jobs for the local area and boost the economy, and the Queen’s Award is a really solid endorsement of Winbro. I want to see even more British companies following their example, driving growth through innovation and selling products across Europe and the rest of the world.”
